In a nutshell:

This flexible cash back card gives cardholders more options than most rewards credit cards; however, it charges a relatively high APR for carrying a balance and only gives cardholders 12 months to pay off a transferred balance.

In a nutshell:

With 2 percent cash back on groceries and 5 percent back on rotating bonus categories, the U.S. Bank Cash+ Visa Signature card offers a good value for no annual fee, but card owners will have to do a lot of maintenance to get the most out of their rewards.

In a nutshell:

For cardholders who don’t mind a hands-on approach to earning card rewards, the U.S. Bank Cash+ offers more choice and flexibility than most of its competitors as well as a decent amount of cash back on everyday purchases.

You’ll never miss a cash back bonus again with this customizable rewards card. Instead of setting rotating bonus categories for you as some cash back credit cards do, the U.S. Bank Cash+ Visa Signature card lets you pick bonus categories. The Cash+ Visa Signature card doesn’t offer a sign-up bonus, so you won’t earn as much in the card’s first year as you would with some cash back credit cards. However, you can earn more over the long run if you choose bonus categories wisely.

Customizable cash back

The Cash+ Visa Signature card’s flexible rewards program allows you to rack up a significant amount of cash if you spend a lot in the available categories. Cardholders get 5 percent cash back on up to $2,000 in spending on two categories of their choice, including sporting goods, bookstore and department store purchases. Cardholders can also earn unlimited 2 percent cash back on one everyday bonus category, such as gas, groceries or restaurant purchases. Category options rotate every quarter and may include gym memberships, cellphone plans, movie tickets, car rentals, fast food, charity, electronics and more.

Excellent promotion

The Cash+ Visa Signature card offers an excellent sign-up bonus that’s also somewhat unique in its design. New cardholders get $100 for spending $500 in the first three months. They also earn an extra half a percent on all their cash back for the first year of card membership (with a $2,000 quarterly cap on purchases that fall under the card’s 5 percent bonus category). This could pay off handsomely for someone who spends a heavy amount on the card.

The cash back card’s introductory offer, on the other hand, is relatively short – especially for a balance transfer card. Cardholders get just 12 months to pay off a zero percent balance transfer, which is below average for a balance transfer card.

Some limits on redemption

The Cash+ Visa Signature card requires you to log in and pick bonus categories every quarter. So if you’re looking for a low-maintenance rewards card, you’re better off looking elsewhere. If you don’t choose new bonus categories every quarter, you’ll only receive 1 percent cash back. Cash rewards also expire after only three years. In addition, U.S. Bank limits how much you can earn by capping 5 percent bonus spending at $2,000 per quarter. There aren’t any restrictions on the total amount of cash you can earn, though, so if you spend a lot on gas or groceries, you can still earn a significant amount.

So-so APR

The card also ranks low on our list of cash back cards because it carries a relatively high APR for cardholders with less-than-perfect credit. Cardholders with the best credit scores are only charged 14.99 percent, which is lower than average for a cash back card. The average APR for cash back cards is currently 16.09 percent, according to CreditCards.com data. But the card’s maximum APR of 23.99 percent is on the high side for a cash back card, making it a riskier choice for cardholders who plan to carry a balance.

Why get the U.S. Bank Cash+ Visa Signature card?

You want to be able to choose bonus categories rather than have them chosen for you.

You spend a lot on gas and groceries.

You want a long-term card you’ll use for all or most of your everyday purchases.

You prefer cash back instead of points.

How to use the U.S. Bank Cash+ Visa Signature card:

Think carefully before you choose quarterly bonus categories. Consider where you do your heaviest spending and choose accordingly so you can earn the maximum amount of cash back.

Don’t use the card’s rotating bonus categories as an excuse to load up on purchases you don’t need.

Use your card for all gas, grocery or restaurant purchases in order to take advantage of the 2 percent bonus on everyday purchases.

Book domestic travel with the U.S. Bank Cash+ Visa Signature card in order to take advantage of the card’s travel perks.

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